Morrison, IL
Population 3,781 · Illinois
About Morrison, IL
Morrison is a small town located in Illinois with a population of 3,781 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,580 per year, which is 10% below the national median of $75,149. The median age of 39.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Morrison features a median home value of $117,300, which is 52% below the national median of $244,900. This makes Morrison one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,104, 5% below the national average of $1,163/month. Of the 1,594 total housing units, 78% are owner-occupied (1,118 units) and 22% are renter-occupied (309 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Morrison shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Morrison have an average one-way commute time of 17.1 minutes, one of the shorter commutes in the region.
Education & Demographics
30.9% of Morrison residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.9% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Morrison, IL
Compared to national averages, Morrison has a median household income of $67,580 (10% below the national median of $75,149). Home values average $117,300, which is 52% below the national median. Monthly rent at $1,104 is 5% below the US average of $1,163. Within Illinois, Morrison's income is 10% below the state average of $75,072, and home values are 29% below the state median of $165,779.
Why Live in Morrison, IL?
Morrison offers affordable housing with a median home value of $117,300, below the US average of $244,900, and rent that’s lower than the national average at $1,104/month, and a strong job market with an unemployment rate of just 2.7%. Additionally, the city features a low poverty rate of 7.7%, better than the national average, and short commute times averaging just 17.1 minutes.
Potential considerations include median household income ($67,580) that falls below the national average. However, Morrison’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Morrison has a population of 3,781 with a median age of 39.8 years. Compare Morrison with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Morrison
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rochester | 3,784 | $112,689 | $241,900 | Compare |
| Red Bud | 3,789 | $68,051 | $170,300 | Compare |
| Dwight | 3,794 | $67,712 | $143,200 | Compare |
| Eldorado | 3,762 | $39,766 | $68,600 | Compare |
| Aledo | 3,753 | $62,829 | $140,000 | Compare |
| Byron | 3,742 | $78,235 | $182,600 | Compare |
| Oregon | 3,821 | $69,632 | $140,100 | Compare |
| St. Joseph | 3,833 | $114,594 | $257,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Morrison With Other Cities
Frequently Asked Questions about Morrison
What is the population of Morrison, IL?
The population of Morrison, IL is 3,781 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Morrison?
The median household income in Morrison, IL is $67,580 per year, which is 10% below the national median of $75,149.
What is the median home value in Morrison?
The median home value in Morrison, IL is $117,300, which is 52% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Morrison?
The median monthly rent in Morrison, IL is $1,104, which is 5% below the national average of $1,163/month.
What is the unemployment rate in Morrison?
The unemployment rate in Morrison, IL is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Morrison, IL a good place to live?
Morrison offers a moderate cost of living, affordable housing, and a strong job market. With a population of 3,781 and a median age of 39.8, the city appeals to a broad range of residents.
How educated is Morrison, IL?
30.9% of residents in Morrison aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Morrison?
Key cost-of-living indicators for Morrison, IL: median home value is $117,300 (52% below national), median rent is $1,104/month, and median household income is $67,580. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Morrison?
The poverty rate in Morrison, IL is 7.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Morrison, IL?
Morrison's population is 2.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.9% Asian, and 1.1% two or more races. 0.8% of residents are foreign-born.